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Updated · MarketWatch · May 1United Airlines stock rises 2.8% and outperforms rivals
9 articles · Updated · MarketWatch · May 1
- Shares closed at $92.52 on Friday, marking a second straight gain as the S&P 500 rose 0.29% and the Dow Jones Industrial Average fell 0.31%.
- United beat other airline stocks, with Southwest up 2.22%, Delta 1.46% and American Airlines 1.11% in a mixed broader market session.
- The stock remains 22.39% below its 52-week high of $119.21 reached on 7 January, while trading volume of 8.3 million matched its 50-day average.
With a slashed profit outlook, is United's recent stock rally built on a solid foundation? Can United's $25B loyalty program shield it from the turbulence of soaring jet fuel costs? As United pursues a premium strategy, will customers actually pay 20% more for tickets?